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ABG Sundal Collier ASA has been the financial advisor in the transaction.

The Norwegian-owned company hopes to bolster expansion in the North American market, with Mikalsen "the ideal leader to drive our growth".

Kristin Hildrum will be the new CFO at the Norwegian land-based aquaculture company, while Rainer Kråkstad will become its new chief business development officer.

This is a key agreement, as production at the new sustainable farmed salmon facility in Nesna, Norway, relies heavily on data.